Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
900
Lot Size (sq. ft.):
43,560
Status:
Active
Current Price:
$949,000
List Date:
4/10/2026
Last Modified:
4/10/2026
Overview
Description
Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here.Now think about this from a development angle. A sewer line runs through the middle of the property. That changes everything. It gives you the ability to subdivide into multiple lots, up to 20 plus depending on layout and approvals. That is where investors start paying attention.You could take it further. Build commercial on the ground level and residential above. Small retail, office, or service use below,
Supplements:
traction in this area.Location matters here. You are minutes from the planned Los Lunas corridor that will connect I 25 to Highway 47 with a new bridge over the Rio Grande. That kind of infrastructure drives growth, traffic, and long term value.You are also in the path of expansion tied to companies like Meta and Netflix moving into the region. Mor
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(Read more)
traction in this area.Location matters here. You are minutes from the planned Los Lunas corridor that will connect I 25 to Highway 47 with a new bridge over the Rio Grande. That kind of infrastructure drives growth, traffic, and long term value.You are also in the path of expansion tied to companies like Meta and Netflix moving into the region. More jobs bring more housing demand and more need for services.At the same time, you still have irrigation rights and open space. You can hold it as a private estate, split it into homesites, or position it for a larger project.This is not a typical land listing. This is a property where you decide the outcome based on how far you want to take it.
Last Updated: April - 10 - 2026
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
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